The change experienced by US regulators after Trump took office was completely in favor of cryptocurrency investors. This is why we expected more during the Trump era, while spot ETF approval for BTC and ETH was granted even during the Gensler period. It was exactly as we expected, and ETF approvals came for many altcoins in the last quarter. Grayscale has been one of the most profitable of this process and wants to continue this.
BNB Coin ETF Application
Altcoin ETF approvals in the last quarter did not have incredible consequences on prices. The reason for this was that, in days reminiscent of bear markets, discussions about customs tariffs fed concerns about a global economic crisis. Bitcoin basically BlackRock As its CEO stated, it is an asset that literally prices the risk. This is why uncertainty and risks are not good for cryptocurrencies. For example, the Supreme Court tariff decision coming on Friday is the best example that can be given in the short term. There is risk and there is decline.
In the long term, the impact of ETF approvals on cryptocurrencies is not expected to be much different from BTC. In the US markets, there is enough space to easily invest in altcoins as we can see in medium-sized cryptocurrency exchanges. While this situation clearly shows the level that cryptocurrencies have reached as a new asset class, it also gives clues about the potential of the liquidity they will attract in the long term.
In the last minutes of the day, Grayscale took action on the BNB front to increase its alternative products and started the BNB ETF process. The company that is officially registered in the state of Delaware is just like GBTC like BNB Coin It also wants to provide ETF services for
As a first step before applying for an ETF (before going to the SEC), Grayscale creates a legal entity (“Statutory Trust”) in this state. This is the same for other issuers. We have not seen a BNB ETF yet, but BNB Coin, which is backed by the world’s largest exchange in terms of volume, will be an asset that corporates will also be interested in. Where we are today XRP Coin It attracted $1.2 billion in the ETF channel alone. While even an investment of $500 million is a huge figure in altcoins, the value of this potential of the ETF channel will be better understood in the future.
BNB Coin Price Prediction
BNB is one of the few altcoins that had a great last year. When we said that the price would exceed four-digit levels, it achieved this while it was still below $ 800 and reached its peak after a steady upward series. The sales wave that hit the entire market afterwards affected it too, and it lasted longer than expected, causing it to wear out.
Despite this, BNB, which continues to find buyers above $ 890, can test $ 924 again if it can protect $ 880, but since there are no great expectations for the weekend, it would not be surprising for the last lower wick to reach the $ 852-826 range.
